Tech & Science : The PI Coin: Krypto mining with the smartphone

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The cryptocurrency Pi Coin is gemined via the smartphone. The energy consumption is low and the ecological balance is good. Anyone can start using an app with the screaming of the crypto motto.

DANIEL ROLAND/AFP/Getty Images © provided by Finanzen.net Daniel Roland/AFP/Getty Images

• A new cryptocurrency called Pi Coin can be with the smartphone

• The mining should have low electricity consumption and thus be environmentally friendly

• The Pi Coin is not yet Trading

The mining of cryptocurrencies has a bad reputation. Environmental pollution due to high energy consumption in particular plays a major role. In addition, without the corresponding hardware, the various crypto trees cannot be tapped. The developers now want to change this behind a very young cryptocurrency. We are talking about the so -called Pi Coin.

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Mining on the smartphone

The platform behind the Pi Coin is the PI Network. This was made by the Stanford Doctoral students Dr. Nicolas Kokkalis and Dr. Chengdiao fan develops and enables the PI coin to be chopping over the smartphone. According to the PI-Network website, this should hardly burden the battery of the smartphone and thereby reduce pollution. According to CoinmarketCap, as with Ethereum or Bitcoin , a decentralized blockchain is used in the peer-to-peer principle. Only the Stellar Consensus Protocol (SCP) used enables Mobile Mining, a better climate balance and a slight entry option via app.

With the help of this app, the PI coins are also generated. However, according to the PC world, the user must give both his real name and his telephone number. In addition, new users can only start with an invitation link. This must be sent by an already registered user. However, since an increase in the mining rate is promised for recruiting new users, it should not be too difficult to obtain an invitation link.

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can the Pi Coin be traded? The PI Coin is currently not being traded. According to CoinmarketCap, the cryptocurrency is currently in the transition phase from the Testnet to the Mainnet. Here the Pi Coin is then available for public sale. However, an estimate for the trading price already exists. According to the forecast website Wallet Investor, a price of $ 0.007077 is currently expected.

is the Pi Coin Scam?

PC world has also investigated how trustworthy the Pi Coin is. The recruitment of new users for an increase in the mining rate should be viewed critically and is reminiscent of a network marketing system. At the same time, however, the developers do not make a promise of success. On the website of the crypto devise it says that you will do your best. When using the PI Network app, the user also takes no risk and can mine the PI Coin without obligations with low energy consumption. The specification of the clarity and the telephone number could, however, prevent one or the other data protection lover from the use of the PI coin.

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